This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ8J0FB_L.jpg
Cessna Citation business jets are designed, produced and delivered by Textron.
Demand for private flying remains healthy despite having tempered from the highs reached during the pandemic when the wealthy took control of their travel.
While continued supply chain and labor issues have hit Textron’s most profitable aviation segment, the impact is countered by stronger pricing of its jets.
The deal extends NetJets’ existing fleet agreement and includes options for an increasing number of aircraft each year, allowing it to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft.
Deliveries of the Citation Ascend are expected to begin in 2025 when the aircraft, currently under development, is expected to enter into service.
